160 Coventry GWest Palm BeachFL33418
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in West Palm Beach at 160 Coventry G, West Palm Beach, FL, 33418 priced at $120,000 converts $923/mo rent into $127/mo cash flow after a $587/mo obligation. Total monthly income equals $923/mo, and annual cash flow totals $1,524/yr on $39,780 invested. Return on cash invested prints 23.74% in year one, and rental yield reads 9.23% against a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,154 by year five. Five-year ROI reaches 123.94% and total cumulative return in cash sums $49,303. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $923/mo property income covering a $587/mo payment, not borrower’s personal income.
Condo
Built in 1969
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 33418, West Palm Beach, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,474 (100%) |
| Owner Occupied HU | 16,453 (70.1%) |
| Renter Occupied HU | 4,410 (18.8%) |
| Vacant Housing Units | 2,611 (11.1%) |
| Median Home Value | $742,009 |
| Average Home Value | $890,923 |
Housing Distribution
Address Breakdown
Residential
22,155
Single Family
16,257
Multi-Family
5,898
Businesses
508
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Listed by: Stephanie Carles • United Realty Group Inc.
Mls Name: BeachesMLS
Mls ID: #RX-11145231